what is grand bargain
In attempts to break the fiscal stalemate lingering in Washington, D.C., U.S. President Barack Obama claims he's ready to do some serious "grand bargaining"...
The president presented his so-called grand bargain plan Tuesday during a trip to an Amazon.com Inc. (Nasdaq: AMZN) distribution center in Chattanooga, TN. The controversial proposal includes cutting the corporate tax rate, long-favored by congressional Republicans, in exchange for stepped-up spending on jobs programs.
"I've come here to offer a framework that might help break through the political logjam in Washington and get some of these proven ideas moving," President Obama said.
The GOP, unmoved, immediately slammed the suggestions and cast doubts about the plan's prospects.
And the "grand bargain" turns into just another speech...